Do I Need Med Pay?

By
Alex & Associates, P.C.
|November 29, 2016

The cost of med pay is generally nominal and will usually only add a few
dollars a month to your insurance policy. It is not a required protection,
which means you don’t have to maintain med pay protection to drive
legally. A large number of people mistakenly believe that because they
have health insurance, they don’t require MedPay.

Many insurance plans possess strict limits around the quantity they will
cover in the instance of an accident. Additionally, in the event you find
yourself looking for care while waiting to get an insurance settlement,
the Med Pay coverage can easily help make certain that you’ll obtain
the care you require.

What Exactly Is Med Pay?

Medical Payments Insurance is a particular type of insurance that helps
to cover the medical bills in a given accident regardless of who’s
at fault. These types of payments are there to help you and virtually
any passengers in your car get the help required to overcome an incident
or auto-related injury. Certainly not all insurance companies provide
med pay, and it is usually added as a great additional benefit that you
have to purchase yourself. Just about all Med Pay coverage limitations
are fairly low, and it’s not uncommon to receive between $1,000
to $5, 000 in coverage on one policy.

What are some of the restrictions with Med Pay?

If you obtain a settlement from your insurance company, they can likely
deduct the med pay advantages from your final award. Sometimes, you may
possibly also need to acquire a skilled personal injury lawyer in the
event the insurance company deems that you will no longer need Med Pay
coverage to cover the medical treatment. This may happen if you’re
involved in physical therapy or another long term form of therapy that
would stretch the limitations in the policy.

The insurance company might also request to review any medical information
regarding prolonged, long-term employment of the coverage. Generally,
your treatment provider will give you the necessary documentation to process
your claim and continue getting treatment. Med pay is ideally applied
to immediate emergencies that are a direct result from a major accident.

What does Med Pay cover?

Med pay generally covers treatment that your health insurance may well
not touch. Ambulance fees, dental treatment, chiropractic care, physical
therapy and funeral expenses are typically covered under the policy. Med
pay may even start working and spend the co-pay on your own personal injury
protection policy in the event you live in a no-fault state.

If you are ever in an accident, a single $10, 000 limit policy could more
than pay for itself, as a $10, 000 dollar med pay policy often costs less
than $20 every year.

Final Thoughts

The cost of med pay can end up being nominal and may even greatly reduce
your financial burden in the event of an accident. Even in the event you’re
expecting a negotiation and the other insurance company has admitted their
own fault in the matter, it may still require some time to obtain your
settlement money. In these instances, you’ll be grateful that you
didn’t decline the extra coverage.

The information on this website is for general information purposes only.
Nothing on this site should be taken as legal advice for any individual
case or situation. This information is not intended to create, and receipt
or viewing does not constitute, an attorney-client relationship.